MANDATORY HALLMARKING
Akshaya Tritiya 2026: Gold, silver trade seen topping Rs 20,000 cr despite record prices and decline in volumes
Akshaya Tritiya 2026 is set for record precious metal sales in India. Despite soaring gold and silver prices, trade is expected to exceed Rs 20,000 crore. Consumers are opting for lightweight jewelry, silver, and diamond products. Digital gold and bonds are also gaining traction. This trend shows a shift towards value-driven purchases and financial prudence.
India must channel $10 trillion in household gold into financial system: Former minister Choudhary
India's vast household gold reserves could boost economic growth. Experts suggest shifting consumers to financial instruments like Electronic Gold Receipts. This move aims to reduce reliance on gold imports and ease pressure on the current account deficit. The National Stock Exchange is ready with platforms and technology to facilitate this transition.
Mandatory gold hallmarking expanded to 7 more districts
Gold hallmarking: The seven districts are: Rupnagar (Punjab), Banda (Uttar Pradesh), Beed (Maharashtra), Gomati (Tripura), Katihar (Bihar), Beawar (Rajasthan) and Neemuch (Madhya Pradesh), an official statement said.
Looking for replacement of your old gold jewellery after unprecedented price rise? 6 factors you must check before going for new hallmarked piece
With gold prices rising, consumers are increasingly exchanging old jewellery for hallmarked pieces to ensure purity and better resale value. Mandatory hallmarking in India, regulated by BIS, certifies gold's karat and fineness, reducing fraud risk and enabling fair valuation. Buyers should verify BIS logo, HUID, and purity marks for authenticity.
India cannot ignore quality of products, services if it seeks to be developed nation by 2047: BIS DG
BIS Director General Sanjay Garg emphasized that India must prioritize product and service quality to achieve developed nation status by 2047. He highlighted quality as the key differentiator between developed and developing nations. While gold jewellery hallmarking is mandatory in 373 districts, silver hallmarking will become mandatory only after infrastructure is in place.
Govt brings 9 karat gold under mandatory hallmarking
The Bureau of Indian Standards (BIS) has mandated hallmarking for 9 Karat gold, effective July 2025, under BIS Amendment No. 2. This inclusion expands the hallmarking grades to eight, ensuring transparency in purity standards for consumers. The revised standard also updates definitions, excluding gold watches and pens from artefacts, and defines specific criteria for gold coins.
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Union Minister Pralhad Joshi asks BIS to weigh mandatory hallmarking of silver jewellery
Consumers are urging that the Bureau of Indian Standards (BIS) make hallmarking for silver jewellery mandatory, stated Minister Pralhad Joshi on the 78th BIS foundation day. Currently, hallmarking is only compulsory for gold jewellery. Since mandatory hallmarking began in June 2021, over 442.8 million gold items have been marked officially.
Centre assessing feasibility of mandatory BIS standards on silver: Minister
Currently BIS hallmarking is mandatory for sale of gold jewellery in the country.
Govt considering mandatory hallmarking for gold bullion
The Indian government is considering mandatory hallmarking for gold bullion, following the successful implementation for jewelry. This aims to ensure quality throughout the gold supply chain, benefiting both jewelers and consumers. The government is also developing regulations for lab-grown diamonds and promoting the gems and jewelry sector, projected to reach $134 billion by 2030.
Mandatory hallmarking of gold jewellery expands to 18 more districts
India expanded its mandatory gold hallmarking program to 18 more districts, bringing the total to 361. Since launching in June 2021, over 40 crore gold jewelry pieces have been hallmarked, boosting consumer trust. The program has also led to a surge in registered jewelers and assaying centers.
Gold hallmarking is not mandatory for these commonly bought jewellery items: Buyers be aware
Hallmarking on gold is not mandatory: The jewellers are required to sell hallmarked gold jewellery as per law. However, certain exceptions are provided under the BIS rules for hallmarking gold jewellery to make it easier for jewelers. This common type of gold jewellery is often bought by people for wedding purposes but is not required to be hallmarked as per BIS FAQs.
Government announces third phase of mandatory hallmarking to come into force from today
The state-wise list of newly added 55 districts under the mandatory hallmarking is available on the website of the Bureau of Indian Standards (BIS) under the hallmarking section. It is notable that BIS has been successful in the implementation of Mandatory Hallmarking in 256 districts of the country with effect from 23 June 2021, in the first phase and in the additional 32 districts with effect from 4 April 2022, in the second phase wherein more than 4 lakh gold articles are being hallmarked with HUID every day.
Around 3.7 crore jewellery hallmarked during April-July: Bureau of Indian Standards
The registration of jewellers was made free and valid for lifetime. Hallmark Unique Identification (HUID) based hallmarking portal was launched on July 1, 2021 wherein the entire workflow in the assaying and hallmarking centre is automated and made online. The bureau listed some important achievements since the release of mandatory hallmarking on June 16, 2021.
Gold jewellery hallmarking picking up significantly in India: GJEPC
Consumers through BIS Care app, can view the details of hallmarked jewellery such as type of jewellery, purity, name of assaying and hallmarking centre (AHC), name of the jeweller, date of hallmarking, which will help in further raising consumer confidence in gold.
As mandatory hallmarking draws near, number of registered jewellers surges
The total number of items hallmarked between July 1 and November 15 were 3.89 crore. At the present pace, the World Gold Council estimates an annual consumption of 12 crore articles, thereby covering a majority of jewellery manufactured under hallmarking.
Nearly 300,000 jewellers to strike on Monday to protest against the mandatory hallmarking process
The national task force was formed by 350 associations and federations representing all four zones of the gems and jewellery industry. The objective of this committee is to ensure a smooth implementation of mandatory hallmarking across the country.
Mandatory hallmarking of gold jewellery on track, clarifies govt
Mandatory hallmarking of gold jewellery and artefacts came into force from June 16 in a phased manner. The first phase will cover 256 districts.
Mandatory gold hallmarking: Most districts from Tamil Nadu, Gujarat, Maharashtra for Phase-1 implementation
Mandatory hallmarking of gold jewellery and artefacts came into force from June 16 in a phased manner, and the first phase will cover 256 districts.
Jewellers welcome govt decision to implement hallmarking in phases
GJC has urged all jewellers to get themselves registered with the Bureau of Indian Standards (BIS).
Leading retailers step up gold jewellery hallmarking ahead of deadline
BIS hallmarking has been made mandatory for gold jewellery of 14, 18 and 22 carat sold from June 1. Failure to comply could attract a penalty of up to five times the cost of the object and imprisonment up to one year.
Only 10% of Indian jewellers opt for hallmarked gold ahead of wedding season
If hallmarking is not done by the deadline, jewellers will not be able to continue their business. Small jewellers in tier 2 and tier 3 cities and in rural areas are particularly vulnerable while large organised retail chains stand to gain.
Jewellers seek yet another extension for mandatory hallmarking deadline
In July 2020, due to the pandemic, the government had extended the deadline of mandatory hallmarking of gold jewellery and artefacts by more than four months to June 1, 2021, from the earlier deadline of January 15, 2021.
GJC says govt needs to address issues for smooth implementation of mandatory gold hallmarking
"We have always been supportive of mandatory hallmarking and it will help in making the industry organised, compliant and will improve the image in the eyes of the customer. It is also essential that before implementing mandatory hallmarking the valid concerns of the industry should be addressed," GJC chairman Anantha Padmanaban said in a statement.
Jewellers welcome government's move to further extend the deadline for mandatory hallmarking
In view of the coronavirus pandemic, the government on Monday announced the extension of a deadline for mandatory hallmarking of gold jewellery and artefacts by over four months till June 1, 2021.
Mandatory hallmarking of gold ornaments to protect customers
While the mandatory hallmarking guidelines were approved by the government in 2000, their effective implementation was deferred until now.
Make gold hallmarking mandatory: CAG to Government
To protect consumers from unscrupulous jewellers, the CAG has advised the government to enforce compulsory hallmarking of gold jewellery.
Jewellery hallmarking may be mandatory
The Union Cabinet is expected to consider a proposal to introduce mandatory hallmarking of precious jewellery to protect the interest of consumers.
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